As of the July, 2022, release via CMS

BAYLOR HEART AND VASCULAR HOSPITAL

CMS id: 450851
621 NORTH HALL ST SUITE 150, DALLAS TX 75246. County: DALLAS
System: BAYLOR SCOTT AND WHITE HEALTH
CBSA: Dallas-Fort Worth-Arlington, TX

The 53-bed, acute-care hospital had $70,513,207 in net service to patients*, with a total profit margin of 33.15756% in fiscal year 2021, the latest year available.
It spent 2.96% of its operating expenses on uncompensated care and reported $0 in Medicaid shortfall.

* For more about Net Service to Patients and operating revenue, please the finance section below.

Note: Medians are from acute-care hospitals with "complete" fiscal years. For more about how we calculated medians and cost reports in general, please click here.

Details

	2017	2018	2019	2020	2021
# of days in fyear	365	365	365	366	365
Ownership	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	54 118	54 118	53 119.5	53 118	53 119
Total beds Median	54 162	54 162	53 162	53 162	53 163.5
FTEs Median	406.02 788.06	432.02 793.42	469.69 806.03	459.89 787.61	454.37 804.34

Finances As they appear in worksheet G3 of the cost reports.

Note: Net Patient Revenue is considered operating revenue, which means Net Service to Patients is considered operating profit. Click here for more about cost report financials

Hospital cost reports are an enormously complicated dataset. There are whole organizations and an offical CMS vendor dedicated to helping researchers work with the data.
It's important to understand that hospital financials in cost reports are not organized in the same as other sources such as annual financial reports to bond holders.

The biggest difference is the concept of operating revenue and profit. Net Service to patients (NS2P), which is the sum of net patient revenue minus operating expenses, is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

That would make Net Patient Revenue = operating revenue.

All this makes things challenging when comparing what's reported in cost reports to other sources. It becomes clearer when you consider that, beyond the purpose of reimbursement, cost reports are a tool for policymakers trying to understand the financial situation of a hospital doing the tasks specific to hospitals.

In other words, while a facility with a division that formulates drugs might include earnings from that as operating revenue in their corporate annual result, this is not central to the operations of a hospital caring for patients and so it is counted as "other income." (See below the financials section for more on "other income")

The healthcare consulting firm HMP, in a former partnership with Modern Healthcare, did develop a formula for estimating operating revenue closer to what one might find in other sources. We no longer use this for the following reasons:

The measure was not widely used beyond HMP and Modern Healthcare. Many hospitals had their own internal estimates of operating revenue and profit.
Because of this, there was confusion when reporting operating results for individual hospitals. There was often pushback when a facility's internal numbers did not match what Modern Healthcare was reporting.
The formula includes revenue from portions of the "other income" section, which may also include non-operating revenue. HMP themselves point out in a caveat on their site that they cannot exclude all non-operating revenue from their measure.

HMP's operating measure has proven problematic in the past for our reporting and the partnership with them ended years ago. It's best to not use a measure that we alone cannot defend.

	2017	2018	2019	2020	2021
Net patient revenue ? Median	186,153,122 150,932,746	195,611,708 158,950,878	205,083,735 168,696,998	200,919,367 163,454,693	220,006,489 186,589,412
Operating expenses Median	135,620,527 149,311,209	143,297,735 156,110,414	149,545,747 164,890,568	147,262,008 166,516,854	149,493,282 180,120,888
Net income from service 2 patients (NS2P) ? Median	50,532,595 -964,173	52,313,973 -643,601.5	55,537,988 -116,254	53,657,359 -5,025,862	70,513,207 -1,284,564
NS2P margin ? Median	27.15% -0.62	26.74% -0.29	27.08% 0.18	26.71% -5.07	32.05% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for BAYLOR HEART AND VASCULAR HOSPITAL compared to all** acute-care hospitals, from CMS cost reports.
Note: NS2P is considered operating margin by MACPAC. The chart below is interactive: click or touch to see more.

* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of acute-care hospitals available to calculate medians:

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

	2017	2018	2019	2020	2021
Other income* Median Click here to show/hide details	1,583,076 5,089,215	1,328,779 4,572,541	2,820,186 5,268,134	7,629,258 13,092,619	5,134,879 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	83,277 188,688.5	152,685 370,813	95,293 309,361.5	1,996 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	0	0	0	0
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	0	0	0	0	0
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	0	95,512	122,665	169,691	186,206
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	0
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	348	2,748	1,190	8,870	4,516
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	2,430	3,597	4,306	5,010	3,704
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	1,580,298	1,143,645	2,539,340	7,350,394	4,938,457
Total income ? Median	52,115,671 6,586,430	53,642,752 6,767,106	58,358,174 8,419,950	61,286,617 8,094,175	75,648,086 15,162,888
Non-operating expenses Median	774,566 146,289.5	806,214 164,857	814,853 89,880.5	847,683 106,761	996,696 31,473.5
Net income Median	51,341,105 6,043,842	52,836,538 5,845,112	57,543,321 7,606,259	60,438,934 7,283,041	74,651,390 14,957,241
Net margin Median	27.34747% 4.62%	26.82868% 4.42%	27.67784% 5.16%	28.98074% 5.2%	33.15756% 9.25%

* About "Other income": Other income, or line 25 in worksheet G3, is the sum of lines 6 through 24. It includes three lines that are considered non-operating revenue - contributions, investments and government appropriations. Medians are included for these three lines. It also contains items that are not central to providing healthcare, such as revenue from parking or gift shops.
"Sum Line 24" is a special case. Called "Other (specify)" in the cost reports, CMS allows for this line to be "subscripted," or divided into sublines like 002400, 002401, 002402. And hospitals do that, up to 100 lines, to detail income (and sometimes negative returns) that are otherwise not covered in the previous "other" lines. Therefore, "Sum Line 24" is the sum of all the lines 24.

Range* of total profit (loss) margins

= Total margin for BAYLOR HEART AND VASCULAR HOSPITAL compared to all** acute-care hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

Medicare revenue

Inpatient and outpatient revenue

	2017	2018	2019	2020	2021
All inpatient revenue Median Click here to show/hide details	21,415,602 23,241,334	22,501,742 23,709,545	24,415,700 24,248,380	18,372,217 22,858,541	21,601,673 23,620,613
"All inpatient revenue" is made up of any Medicare payments for routine inpatient, swingbed SNFs, TEFRA, IPF, IRF, inpatient long-term care, CAH and inpatient SNF facilities. Medians are only calculated when there are sufficient facilities reporting revenue.
⊳ Routine inpatient revenue ⊳ Median	21,415,602 21,577,146	22,501,742 22,041,594	24,415,700 22,722,063	18,372,217 21,570,441	21,601,673 22,140,684
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Inpatient psychiatric facility (IPF) ⊳ Median	0 1,845,420	0 1,757,392	0 1,738,842	0 1,510,463	0 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 3,865,578	0 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Critical-access hospitals ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Skilled-nursing facilities (SNF) ⊳ Median	0 1,203,033	0 1,215,295	0 1,313,657	0 1,365,298	0 1,179,746
All outpatient revenue Median Click here to show/hide details	30,901,455 11,160,864	31,410,156 11,987,345	31,888,671 12,926,866	27,028,333 11,884,480	27,776,165 13,145,163
"All outpatient revenue" is made up of any payments for routine outpatient, HHA, CMHC, rural health and other federally-qualified health clinics. Medians are only calculated when there are sufficient facilities reporting revenue.
⊳ Routine outpatient revenue ⊳ Median	30,901,455 10,918,923	31,410,156 11,706,976	31,888,671 12,615,917	27,028,333 11,458,116	27,776,165 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	0 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	0 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	764,268 3,284,314	802,071 3,250,551	874,985 3,386,837	651,209 3,360,806	744,371 3,508,953
Disproportionate-share hospital (DSH) Median	0 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	457,601 582,572	327,516 538,116	309,863 212,434	58,328 126,559	67,134 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	2,977 3,730,911	3,176 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	2,734,290 2,654,636	3,185,661 2,940,659	2,601,420 3,380,215	2,774,578 3,488,738	3,382,176 3,233,405
Uncompensated care (UCC) Median	3,809,309 5,147,790	4,467,878 5,337,617	3,971,150 5,711,082	4,154,677 5,923,418	4,431,163 5,508,107
UCC as a % of operating expenses Median	2.81% 3.24	3.12% 3.12	2.66% 3.21	2.82% 3.3	2.96% 2.86
Total shortfall/UCC Median	3,809,309 9,489,989	4,470,855 9,424,297	3,974,326 10,120,158	4,154,677 11,171,337	4,431,163 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	32,514,951 52,142,039	34,818,073 54,485,252	38,256,285 57,395,589	39,345,800 58,830,919	40,714,680 61,722,907
Salaries as a % of operating expenses Median	25.16 36.68	25.33 36.56	25.58 36.37	26.72 35.93	27.24 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 2,937,156	0 2,909,848
Contract intern, resident salaries* Median	0 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	1,043,635 1,449,244	668,162 1,475,986	663,987 1,563,078	801,717 1,721,954	368,416 2,991,828
Contract hours, direct-care Median	20,046.00 22,725	10,520.00 23,018.5	10,002.00 24,503.48	12,915.00 25,026.5	3,419.00 33,786
Contract wages, direct-care Median	52.06 64.67	63.51 64.53	66.39 65.06	62.08 68.97	107.76 88.94

* in an approved program

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Cost reports are self-reported by the facility, are subject to revision and should be considered preliminary.

* Net Service to patients (NS2P) equals net patient revenue minus operating expenses. NS2P is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

About medians

Medians are calculated from reports with "complete" fiscal years, or reports with fiscal years of at least 300 days and no more than 420 days.

In cases where there are fewer than 50 values reported, medians are not calculated. For childrens' hospitals, it's when fewer than 20 are reported.

Web app by Tim Broderick | email.